First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw unusually-high trading volume on Monday . Approximately 1,028,561 shares were traded during mid-day trading, an increase of 376% from the previous session’s volume of 215,859 shares.The stock last traded at $23.43 and had previously closed at $23.47.

First Trust BuyWrite Income ETF Price Performance

The firm has a market capitalization of $992.93 million, a PE ratio of 18.59 and a beta of 0.72. The stock’s 50-day moving average price is $23.18 and its 200 day moving average price is $22.74.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.172 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date of this dividend was Tuesday, October 22nd.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC grew its holdings in First Trust BuyWrite Income ETF by 16.5% during the 2nd quarter. Western Wealth Management LLC now owns 63,500 shares of the company’s stock worth $1,427,000 after acquiring an additional 9,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust BuyWrite Income ETF by 34.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 334,988 shares of the company’s stock worth $7,527,000 after purchasing an additional 85,052 shares during the period. Private Advisor Group LLC boosted its stake in shares of First Trust BuyWrite Income ETF by 3.6% during the third quarter. Private Advisor Group LLC now owns 28,654 shares of the company’s stock valued at $660,000 after purchasing an additional 985 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust BuyWrite Income ETF by 1,256.3% during the first quarter. Cetera Investment Advisers now owns 418,953 shares of the company’s stock valued at $9,414,000 after buying an additional 388,064 shares during the period. Finally, Raymond James & Associates raised its stake in First Trust BuyWrite Income ETF by 3.1% in the third quarter. Raymond James & Associates now owns 518,793 shares of the company’s stock worth $11,943,000 after buying an additional 15,757 shares in the last quarter.

About First Trust BuyWrite Income ETF

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed portfolio of US-listed stocks, with an overlay of short calls on the S&P 500. FTHI was launched on Jan 6, 2014 and is managed by First Trust.